TOKYO: Toyota reported a nearly 4 per cent increase in fiscal first quarter profit on improved sales, but Japan’s top automaker slightly lowered its full year forecasts because of unfavourable currency exchange rates. Toyota Motor Corp’s said Friday its April-June profit totalled 682.9 billion yen ($6.4 billion), up from 657.3 billion yen the same period […]
NEW DELHI India is unlikely to sign a China-backed Asia-Pacific trade pact because of opposition from industry and farmers, a powerful nationalist group tied to Prime Narendra Modi said on Friday, in a blow to prospects for creating a giant free trade zone. Trade ministers from 16 countries are trying this week to negotiate the […]
DUBAI: Dubai Investments PJSC, the leading, diversified investments company listed on the Dubai Financial Market, announced that it has been conferred with the ESQR Quality Choice Awards 2019 in Berlin, Germany. The award, presented in recognition of the company’s exemplary leadership within UAE’s thriving investment sector, marked Dubai Investments the only investment company awarded from […]
New York: US stocks suffered the worst week of 2019 as investors fretted over Donald Trump’s escalation of his trade war with China. Treasuries rose, while the yen strengthened. The S&P 500 fell for a fifth straight day, its steepest weekly loss since December’s sell-off. Trade angst recaptured centre stage after Trump said Thursday he’d […]
They both hail from the Nizamabad district in India’s Telangana state.
Just in case you lost your phone overseas.
Beirut The Lebanese government is deferring payments to contractors and public entities, improving the budget numbers but endangering a lifeline for businesses. Delayed payments for this year alone have exceeded $900 million, pushing the outstanding total to over $2 billion, according to a person familiar with the matter. The government owes contractors about $300 million, […]
ISTANBUL: Turkish borrowing costs have begun falling after the central bank slashed interest rates last week, but companies say more monetary stimulus and bank lending will be needed to kick-start the recession-hit economy after last year’s currency crisis. A key question is how keen banks will be to lend after Turkey’s policy rate was lowered […]
Indians dominated among the top 10 winners.
London: Donald Trump and the Federal Reserve are messing with gold traders’ heads. Bullion got whipsawed this week as comments from Federal Reserve Chairman Jerome Powell damped expectations for a lengthy easing cycle, while fresh US tariff threats a day later fuelled global-growth concerns that renewed demand for the metal as a haven. Payrolls data […]